Adam Karnofski Email & Phone Number

Sitka, Ak, Us

Federal Way, Washington, Us

Federal Way, Washington, Us

Company leader of the finance and accounting function for Ellenos Greek Yogurt. • Leader of 4-member finance and accounting team in charge of driving top/bottom line growth as company expands.

Federal Way, Washington, Us

Seattle, Wa, Us

Company leader of the finance function for leading US dairy co-op.• Leader of 12 member finance team for Darigold in charge of driving top/bottom line growth across all commercial functions covering $2.5 billion in revenue.• Financial lead for the commercial department’s cross functional annual operating plan and budget.• Communicate commercial financial monthly and yearly results to Darigold’s executive leadership team.• Designed and implemented new finance team structure that required hiring seven new positions to support Darigold’s new long term strategy to drive to best US dairy in the international market while maintaining share lead in current markets.• Implemented new pricing strategy and system that allows Darigold to understand financial impacts of customer pricing choices providing over $1MM in increased profit leading to record profit year.• Implemented trade funds control and business process that provides insights into $26MM spend that provided efficiencies of $2MM in spend in year 1.• Created SKU/customer profitability model that allowed Darigold to focus company resources on the most profitable customers that resulted in record profit year $17MM higher than previous year for the Consumer Products division.

Cincinnati, Ohio, Us

Divisional finance team leader for P&G’s leading e-commerce brand. • Manage finance team for NA Braun organization in charge of driving top line and bottom growth.• Set long term financial strategy allowing Braun to hit company financial targets leading to three record years of top line (3 year CAGR of 5%) and bottom line growth (3 year CAGR of 10%).• Led SKU rationalization project that eliminated +50% of current SKU’s increasing profitability while maintaining topline.

Cincinnati, Ohio, Us

Financial manager for P&G’s leading digital (all marketing is digital) and E-commerce (25% of sales occur online) strategy category• Created customer profitability evaluation tool that allowed category to optimize category’s trade spend towards most profitable customers allowing category to grow share while market declined.• Managed portfolio review that designed strategy to align pricing strategy with consumer learning to create a new trade up strategy that drives consumers to higher dollar per unit parts of the portfolio.• Designed special product combinations and financials for specialty and club channels that reduced channel conflict while doubling channel profitability.

Cincinnati, Ohio, Us

Provided financial leadership for Kroger sales team for all merchandising and advertising for company business at Kroger to drive sales to hit company’s strategic growth targets for a top ten global customer with $1.2Bill in P&G sales.• Analyze sales promotions to help team optimize $170Mill/yr spend to drive best volume/sales return for merchandising spend allowing team to grow sales by $30Mill without increased spending.• Financial lead on Baby category reinvention team that set new merchandising events verse everyday percent of sales funding and also created proper product lineup and sales point to grow customer sales.• Channel lead for role out of new merchandising funds monitoring system which reduced account executive trade fund process time by 5-10%.• Manage billing and payment processes for sales team of over $175Mill in yearly spend.• Mentor for multiple Administrative/Technical personnel coaching them to plan and execute career plans that helped them achieve their desired promotions and challenging, fulfilling careers.

Cincinnati, Ohio, Us

Manager of cash forecast and owner of forecasting process and systems supporting Global Vice Chair for Global Health & Well Being Mega GBU while leading division to record profit year.• Forecasting systems owner of training new forecasters on financial planning systems and processes centered on simplification of forecasting process allowing closure of category profit in two less days.• Mega GBU process leader for Balance Sheet simplification which led to elimination of one day during cash closing.• Process leader for implementation of new foreign exchange forecasting allowing updates eight times per year instead of four due to improved productivity, leading to improved company forecast accuracy.• Manage monthly cash forecasting process for global GBU ($15 B), achieving best accuracy in company for FY 08/09.• Redesigned and implemented new Mega GBU accounting hierarchy to align external and internal reporting processes allowing for quicker closing and forecasting processes.

Orrville, Ohio, Us

Retained by JM Smucker to lead financial forecasting an planning transition from P&G financial systems to JM Smucker systems after JMS’s purchase of the Folgers Coffee Company.•Managed two-year strategic planning process for $2 Bill for global category that helped company achieve record fiscal year in volume and profit as category transitioned ownership from P&G.•Managed initiative portfolio sustainability system for providing continued company growth of 6%/yr that ensured the spinoff of the Folger’s business would provide shareholders a sustainable stand alone business.•Created cash forecasting model allowing Smucker to finance seasonal cash fluctuations due to coffee acquisition while providing enough operating cash flow to pay debt and pay daily operating charges.•Prepared quarterly SEC financial reporting used by investors to review the financial performance of Folgers along with the valuation modeling that was the basis for setting the value of the Folgers IPO to the Procter & Gamble shareholders and used as the foundation for the new company’s debt offerings.•Led synergy recognition and monitoring process of announced $80Mill/yr to ensure Smucker hit guidance provided to investors to continue share price growth over the merger period.•Led process to create back up for financials included in SEC filings used by auditors to ensure that the financial statements and forward looking forecasts released by Folgers were valid, followed GAAP, and provided proper financials for the Credit Agency, resulting in approval of desired credit rating that gave Folgers the ability to obtain debt at a rate allowing the company to become a standalone company. The credit rating was high enough to allow Folgers to issue dividends and be competitive with other mid cap food companies.•Led hiring for Financial Planning group for new company post IPO consisting of a manager and a technician in charge of cash/profit strategy and forecasting and SG&A/marketing budgeting.

Cincinnati, Ohio, Us

Manager of Financial Planning for the Folgers Coffee Company IPO spin off from P&G. Led 3-person financial planning and analysis team through major transition of reporting and planning systems and personnel while leading division to record profit year.

Cincinnati, Ohio, Us

Provided financial leadership for Folgers initiatives and new business financial portfolios to provide continued growth to hit company’s strategic growth targets

Atlanta, Ga, Us

Technical lead in charge of process improvement for tissue/towel machines that set productivity and safety records for Georgia Pacific.

Stockholm, Se

Passaic, Nj, Us

Seattle, Wa, Us

Mba

Mse, Chemical Engineering (Concentration In Paper Science)

Ba, Physics, International Business Management

Education record